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Answer the following questions on Import Substitution (IS) Strategy: A. What is the Import Substitution (IS) Strategy? B. Discuss the key arguments for IS and

Answer the following questions on Import Substitution (IS) Strategy: A. What is the Import Substitution (IS) Strategy? B. Discuss the key arguments for IS and the counter- arguments against it? C. Do you advice policy makers in a typical poor African country to adopt this strategy? Why/Why Not?

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